A joint battery venture of Toyota Motor and Panasonic Corp on Tuesday said it will produce lithium-ion batteries for hybrid vehicles at a plant located in Western Japan from 2022 to meet the rising demand for electric vehicles (EV). The production line at a Panasonic factory located in Tokushima prefecture will have enough ability to […]

Toyota Motor’s annual global sales of electrified vehicles could reach 5.5 million in 2025, five years before what was initially planned, a senior company executive said at an industry conference on Tuesday. The automaker in 2017 had announced a plan to sell 5.5 million electrified vehicles, consisting of 4.5 million of hybrid and plug-in hybrid […]

Dentsu Group Inc and Toyota Motor have agreed to establish a business alliance and form two companies to enhance Toyota’s communications and digital transformation strategy, Dentsu said on Wednesday. Dentsu is an advertising agency founded in 1901 in Japan. Both the companies are going to operate under a holding company, of which Toyota will own […]

Toyota Motor won’t expand any more in India due to the country’s high tax regime, a blow for Prime Minister Narendra Modi, as India continues to attract global companies to offset the economic downfall caused by the coronavirus crisis. The government keeps taxes on cars and motorbikes high enough that companies find it hard to build […]

Toyota Motor’s research arm said on Thursday that it would form an $800 million global investment fund. The fund called Woven Capital is to invest in companies related to the autonomous mobility and smart cities, Toyota Research Institute-Advanced Development said. Previously this year, the Japanese automaker revealed a plan to build a prototype “city of […]

 Japanese automaker Nissan Motor informed on Thursday its sales in China dropped 2.4% in August from a year ago, while rival Toyota Motor and Honda Motor sales increased in the world’s biggest auto market. Nissan is determined to increase sales in China as it is having a hard time to fix problems that emerged after […]

Toyota Motor on Tuesday reported a 23% decline in U.S. new vehicle sales in August against the same month in 2019, as a two-month industrywide shutdown of auto production in the spring to stop the spread of COVID-19, along with uncertain economic recovery, weighed on sales. This was Toyota’s fifth straight month of U.S. sales […]

Toyota Motor said on Friday that its domestic vehicle production would be 1% higher than what was planned earlier for September, as the plants resume output levels following a drop due to coronavirus crisis. The company plans to produce approximately 2,300 more cars and trucks than its initial plan for about 230,000. Vehicle production at […]

Toyota Motor will offer its cars in India on leases or shorter-term subscriptions, hoping to cover the growing demand for private transport as travelers avoid traveling in public transport due to coronavirus crisis. The Japanese automaker stated on Tuesday it would provide leasing plans to corporate and retail consumers of three to five years throughout […]

Amazon.com Inc’s cloud computing unit will help Toyota Motor build a platform that will help it manage and monetize data taken from the automaker’s global vehicle fleet, the companies stated on Monday. Toyota stated its Mobility Services Platform will allow it to process and analyze data that can be used for developing vehicle services from […]

Toyota Motor and Mazda Motor stated on Thursday they will spend $2.3 billion in a new joint venture factory located in Alabama, $830 million more than announced in their original plan in 2018. Production is expected to start building up to 150,000 future Mazda crossover vehicles and 150,000 Toyota sport utility vehicles annually by 2021. […]

Japanese automakers’ China sales increased by over 10% from a year earlier in July as the world’s biggest auto market showed some recovery amid coronavirus crisis. Nissan Motor said on Wednesday its sales in China increased 11.6% last month from a year ago to 120,945 vehicles. China is a market that Nissan is concentrating on […]

U.S. new vehicle sales in July continued to show indications of recovery from the coronavirus pandemic, as Toyota Motor on Monday published its lowest sales reduction since the coronavirus crisis damaged the sector in mid-March. The Japanese automaker informed that its sales in July fell 19% versus the same month in 2019, to 169,484 units. […]

After providing a series of teaser images, Toyota Yaris facelift has been finally revealed in the Philippines. It is the second significant update to the Yaris sedan since the current generations’ introduction in the ASEAN region in 2013. The Yaris is also known by the name ‘Vios’ in the Philippines. The recently updated model will likely […]

Japanese automaker Toyota Motor will make 2% fewer vehicles worldwide in August than originally planned, the Japanese automaker stated on Tuesday, as output recovers gradually from a sharp decline because of the coronavirus pandemic. The automaker said it intended to make 15,000 fewer vehicles than its original plan. August’s reduction is smaller than the cut […]